Omaha daily bee., 1887-05-10
SYMPTOMS OF SOFTNESS."
Inactive State Of the Produce Market
On Yesterdays Opening.
WAITING NOW FOR THE WEATHER
The Cattle Market Stronger-Some
Good Sales-Hogs Take IA Slight
Down Turn-A Very Slow
Trade.
CHICAGO PRODUCE MARKET.

CHICAGO, Nav Especial Telegram to
the BEE. l-lhe opening this morning was
ssCgss29c OF as compared with Saturdays
close and the feeling was one of lassitude.
The weather was delightful and the situation
ripe for decline. The local crowd was long
and the first thing done was TO unload. The
little clique houses were not on hand to take
offerings, and the consequence was that the
market betrayed symptoms of "softness"
A tip had gone out on curb that there was
going to be break, but the crowd did not
act en- masse on the tip as though possessed
of the utmost faith in its reliability. Trans
actions were light and of a scalp nature.
During the long session June ranged be-
tween s5ms5i4c and left off at s5as5i9c.
July sold between s4l4 and s4lSc and rested
at s49sc. The new crop futures were weak,
and suffered declines of fully 1c. There was
considerable buying of July and selling of
June by parties who act ON the theory that
the clique cannot run corner in June, and
that before the close OF the current month
July will command its natural premium over
June. The spreading" and selling of the new
crop options constituted the only important
features of the forenoon trading. There was
weak opening to the market Corn was in
sympathy with wheat and early trading was
at a small fraction under Saturdays closing.
Surprising strength was developed, how
ever, when the visible supply figures came
OF 5000, ,0O0 bushels. This was about 100000
more than anybody had counted upon and
taken with the light receipts gave the bulls
courage. June was advanced from 39I6c to
39Hc and July from Al &c to 4l12c: all futures
closing firmer than Saturday. The planting
season is fully two weeks earlier than usual
this year and In most conditions the crop Is
already about put in. Ram is needed
weather market will in all probability be the
result for the next two OF three weeks
Oats were weak and featureless, the only
show of strength manifested being In sym
pathy with the upturn In corn. Near futures
closed &c off. At l o'clock 26lsc for May
and 21}4c for Ju.ie were the inside quotations
established. July closed firm at 2G}sc. The
first trading of the season was reported in
August oats. That future sold up from
25ssc to 2G14c and closed at 26c.
In the provision market the day was some
hogs coupled with easier prices for the same
a1' ish at '"Ss' the OPENING t ''I and d for lard
and short ribs prices averaged a little
moderate offerings than was anticipated
these articles recovered completely from
their weakness, end at o'clock stood prac-
tcally at Saturdays final quotations. Fluc-
tuatiOns in short ribs were limited to 2190
nc and in lard to 218w5c.
Pork was held at $3.50 for May and June
cash.
Lard sold moderately at s6s21<, but in
AFTERNOON SEssION.-Wheat was easy.
June sold at 81 41S4S5c on split there was one
sale at S456c, and at s5Ct351sc on the split.
closing at SIC; July sold at s41s@s5Jsc and
S4c on split, closing at SIC. Corn was quiet
and easy. June sold at 39sE039l4c split, and
at 395Ec, closing at 375kc; July sold at 4lhc
and 413sc, closing at 4l14c bid. Oats were
firm. Pork remains nominally at $3.50 for
May and June delivery.
Lard was 21sc easier. May closed at $3.50
June at $6.S3}1, July at $695, August al
81 O2k bid.